The Financial Assistance to Industrial Parks scheme, launched by the Industries and Mines Department, Government of Gujarat under the Gujarat Industrial Policy, is valid from August 7, 2020, to August 6, 2025. It supports the development of industrial infrastructure by offering financial incentives. Under the Stamp Duty component, developers and individual units within the parks receive reimbursement support for land purchases.
Scheme Key Highlights (Short Summary)
• Scheme Validity: August 7, 2020 – August 6, 2025
• Implemented by: Industries and Mines Department, Gujarat
• Focus Area: Stamp duty reimbursement for land purchased for approved Industrial Parks
• Coverage: Developers and individual industrial units within the park
Benefits
• Developers: 100% reimbursement of stamp duty paid on land purchase for setting up industrial parks
• Individual Units: 50% reimbursement of stamp duty on land/plot purchase within the approved industrial park
Eligibility
• Industries Associations or any enterprise registered under:
• Societies Act
• Partnership Act
• Trust Act
• Companies Act
• Special Purpose Vehicle (SPV) created for developing an Industrial Park
Application Process
Online
Registration Process:
• Step 1: Visit Investor Facilitation Portal (IFP)
• Step 2: Click on “New Investor Registration” and fill in the required details
• Step 3: Submit the form and verify your email ID
• Step 4: Post verification, login access will be granted
Post-Registration Process:
• Step 1: Visit the portal and click on “Login”
• Step 2: Enter login credentials and access your Dashboard
• Step 3: Complete business and project details and upload required documents
Helpdesk: Contact via IFP Portal
Documents Required
For Registration
• Registration document of Developer Company/Firm (Society/Company/SPV)
• PAN Card of Developer
• 7/12 of Survey No. of project land
• Village Map highlighting Survey/Block Nos.
• Proposed Layout Plan (certified by approved Civil Engineer/Architect)
• Project Report
• Notarized Affidavit (Prescribed Format)
For Approval
• Constitution Registration & PAN
• 7/12 Survey No. & 8A Khata details
• Sale Deed & Index-2 of land
• Village Map with highlighted Survey/Block Nos.
• Approved Layout Plan
• Detailed Project Report with SOR-based estimates
• CA Certified Net Worth
• Authority Letter/Board Resolution
• Details of Central Govt. incentives, if any
• Notarized Affidavit (Prescribed Format)
For Claim
• Sanction Letter with land details from Industries Commissionerate
• Cancelled Bank Cheque & PAN
• CA Certificate of Infrastructure Expenditure
• Physical Progress Certificate from Civil Engineer/TPQA
• Copy of Index-2 for purchased land
• Stamp Duty Certificate/e-Challan proof
• CA Certificate verifying stamp duty paid
• Notarized Affidavit for Claim (Prescribed Format)
Frequently Asked Questions (FAQs)
Q: What is the objective of the scheme “Financial Assistance to Industrial Parks”?
A: To encourage industrial growth through infrastructure development and financial support to park developers.
Q: What is the purpose of the “Stamp Duty” component?
A: To reduce upfront costs by reimbursing stamp duty paid by developers and individual units within industrial parks.
Q: How much reimbursement can an institute receive under this scheme?
A: Institutes can receive 100% reimbursement of stamp duty on land purchased for an industrial park.
Q: What is the reimbursement percentage for individual units within the Industrial Park?
A: Individual units are eligible for 50% reimbursement on stamp duty for plots purchased within the park.
Q: What are the conditions for developers to be eligible for the reimbursement?
A: Developers must be a registered entity under applicable laws and the land must be used for approved industrial park projects.
Q: Are individual units required to meet specific conditions to apply for the reimbursement?
A: Yes, they must be located within the approved industrial park and must present valid proof of stamp duty payment.
Q: Is this scheme applicable to land or plots purchased outside an approved Industrial Park?
A: No, the benefit applies only to land within approved Industrial Parks.
Q: Are individual units required to apply directly to the SLEC for reimbursement?
A: No, they must apply through the approved portal and follow the prescribed application process.
Sources and References
• Guidelines
• Investor Facilitation Portal (IFP)Online Application Portal